A "complete overhaul" of the beleaguered flag carrier comes amid
talk on a name change

Malaysia Airlines will be delisted from the stock market and placed under government control amid suggestions it will be renamed to detoxify the company after the MH17 and MH370 disasters.

Malaysia’s state investor Khazanah Nasional said on Friday that it planned to nationalise the troubled airline, in which it already has a 69pc stake, and conduct a “complete overhaul” of its operations.

The government said it would buy out minority shareholders at a premium of 27 sen (8 cents) a share - 29pc higher than the airline's average share price over the previous three months.